UPDATE: JG Capital Initiates Priceline.com at Overweight; Exposed to Demand for Bargain Deals
JG Capital initiated coverage on Priceline.com (NASDAQ: PCLN ) with an Overweight rating and a $780 price target. JG Capital commented, "Priceline.com, in our view, is the best on-line travel site for bargain hunters. By taking suppliers' excess inventory and marking it down, Priceline.com is able to offer
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